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SOFE Exam AFE Topic 3 Question 73 Discussion

Actual exam question for SOFE's AFE exam
Question #: 73
Topic #: 3
[All AFE Questions]

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

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Suggested Answer: D

by Wilda at Apr 21, 2024, 07:13 PM

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Taryn
2 months ago
Hmm, I wonder if the correct answer is 'Compound Interest on the Tears of Actuaries'? That's always a good one to look out for.
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Willow
27 days ago
D) B or C
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Julio
29 days ago
C) Contract funds
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Margery
1 months ago
B) Interest on policy
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Bulah
1 months ago
A) Interest contract funds
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Janine
2 months ago
Wait, is this a trick question? What if the answer is actually 'Interest on Spiderweb Deposits'? You never know with these insurance exams!
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Nikita
22 days ago
D) B or C
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Toshia
23 days ago
C) Contract funds
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Nidia
1 months ago
B) Interest on policy
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Carisa
1 months ago
A) Interest contract funds
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Melvin
3 months ago
Ah, I think I've got it! It's gotta be the increase in reserves or liability from one year to the next. Definitely going with D.
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Broderick
1 months ago
User 3: I'm going with D, it includes both B and C.
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Leota
1 months ago
User 2: Yeah, that makes sense. I think it's either B or C.
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Nada
2 months ago
User 3: I agree with Tasia, it's either contract funds or interest contract funds.
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Tasia
2 months ago
User 2: I'm going with interest on policy.
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Levi
2 months ago
User 1: I think it's interest contract funds.
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Cecilia
2 months ago
User 1: I agree, it's all about the increase in reserves or liability.
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Emile
3 months ago
Woah, I've never heard of 'interest contract funds' before. That's a new one on me!
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Rory
3 months ago
Hmm, this seems to be about interest on insurance policies. I'd guess B or C would be the correct answer.
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Osvaldo
1 months ago
Yes, that makes sense. It refers to interest on policy or contract funds.
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Benedict
1 months ago
So, the answer would be either B or C.
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Jacob
2 months ago
I agree, it could also be contract funds.
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Christene
3 months ago
I think it's interest on policy.
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Josue
3 months ago
But the question also mentions contract funds, so maybe it's D, B or C.
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Ben
4 months ago
I believe it could be interest on policy.
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Josue
4 months ago
I think it's interest contract funds.
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